Bitcoin Forum
May 06, 2024, 03:21:54 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Bitcoin Forum > Other > Beginners & Help > Automated trades
Pages: [1]
« previous topic next topic »
  Print  
Author Topic: Automated trades  (Read 618 times)
SilverLining (OP)
Newbie
*
Offline Offline

Activity: 6
Merit: 0


View Profile
September 19, 2011, 12:09:59 PM
 #1
Just noticed what looks like automated buying and selling:

http://s4.postimage.org/5ykk1dlad/algo2.png

The bot is buying 0.01 every transaction

Surely this would just lead to being eaten away by the commission...

unless...

the bot is run by mtgox = no commission

or perhaps

it is the bitcoinica bot and can afford to do it because the spread there is wider than the commission.
1714965714
Hero Member
*
Offline Offline

Posts: 1714965714

View Profile Personal Message (Offline)

Ignore
1714965714
1714965714
Reply with quote  #2
1714965714
Report to moderator
You can see the statistics of your reports to moderators on the "Report to moderator" pages.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714965714
Hero Member
*
Offline Offline

Posts: 1714965714

View Profile Personal Message (Offline)

Ignore
1714965714
1714965714
Reply with quote  #2
1714965714
Report to moderator
1714965714
Hero Member
*
Offline Offline

Posts: 1714965714

View Profile Personal Message (Offline)

Ignore
1714965714
1714965714
Reply with quote  #2
1714965714
Report to moderator
SilverLining (OP)
Newbie
*
Offline Offline

Activity: 6
Merit: 0


View Profile
September 19, 2011, 12:27:22 PM
 #2
Hmmm

looks like the amount is dropping over time

at this rate it will be at 0 by about 13:33

http://s2.postimage.org/rjd9ef0ry/trades.png
kjj
Legendary
*
Offline Offline

Activity: 1302
Merit: 1024



View Profile
September 19, 2011, 03:55:41 PM
 #3
Quote from: SilverLining on September 19, 2011, 12:09:59 PM
Just noticed what looks like automated buying and selling:

The bot is buying 0.01 every transaction

Surely this would just lead to being eaten away by the commission...

unless...

the bot is run by mtgox = no commission

or perhaps

it is the bitcoinica bot and can afford to do it because the spread there is wider than the commission.


ZOMG!  Conspiracy!

Oh, wait.  5.01901 * 1.0025 * 1.0025 = 5.044136, and these were at 5.04643, for a miniscule profit, after fees.
17Np17BSrpnHCZ2pgtiMNnhjnsWJ2TMqq8
I routinely ignore posters with paid advertising in their sigs.  You should too.
btcmsg
Newbie
*
Offline Offline

Activity: 35
Merit: 0


View Profile
September 21, 2011, 12:59:20 PM
 #4
interesting.
Pages: [1]
  Print  
Bitcoin Forum > Other > Beginners & Help > Automated trades
 « previous topic next topic »
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!